Investigating Role of Blockchain in Making your Greetings Valuable

: Current study is mostly focused on the exploration of the role of blockchain technology in enhancing the value of greetings. To accomplish this goal, renowned blockchain-based greetings NFTs from Opensea and Young Parrot have been taken into account. The welcome non-fungible tokens (NFTs) are built upon the Matic and Core blockchain networks. In order to get insight into the key determinants that significantly impact the demand for blockchain-based NFTs used for greetings, a comprehensive survey was undertaken including all facets of this burgeoning phenomenon. Extensive research has been undertaken to enhance comprehension of the determinants that propel the demand for NFTs based on blockchain technology within the domain of greetings. The factors under consideration include the pricing, overall quantity, use case, and popularity of NFTs. A survey was conducted on Twitter, using a sample size of 525 individuals. Based on the findings of the conducted study, it can be deduced that the primary determinant of the value attributed to greetings is their level of popularity. Furthermore, it has been observed that the Love Emogie have a restricted availability. The limited availability of just 43 Love Emojie has contributed to the heightened demand for NFTs owing to their inherent scarcity. However, it is also noted that pricing and use case have a substantial influence.


Introduction
The role of blockchain in making greetings valuable can be explored from several angles.Blockchain technology can add value to the creation, distribution, and collection of digital greetings in various ways.Non-fungible tokens (NFTs) are digital assets that have undergone tokenization using blockchain technology.Non-fungible tokens (NFTs) include a category of digital assets that serve as a representation of ownership or verification of the originality of a distinct object or information, using blockchain technology.In contrast to fungible cryptocurrencies like Bitcoin or Ethereum, which possess the characteristic of interchangeability and may be traded on a one-toone ratio (where 1 BTC is consistently equivalent to 1 BTC), nonfungible tokens (NFTs) are unique and indivisible, hence precluding direct exchange with another NFT on an equivalent basis.Tokens are differentiated from one another by possessing distinct identifying numbers and assigned information [1].Nonfungible tokens (NFTs) are transferable assets that possess the ability to be exchanged for fiat money, cryptocurrencies, or alternatively, other NFTs.The valuation of goods and services is contingent upon the assessments made by both owners and the market.Individuals have the opportunity to employ an exchange platform in order to create a token that serves as a representation of their digital avatar.Although the NFT may be seen as lacking practical use by some, there are those who are willing to invest substantial sums, reaching into the millions of dollars, in this digital asset.
A cryptographic token refers to a digital representation of value or an asset that is present on a blockchain network.These tokens are often generated and governed by means of smart contracts.In contrast to cryptocurrencies such as Bitcoin or Ethereum, which own their own inherent blockchains and function as a means of transaction or reservoir of worth, tokens are constructed upon preexisting blockchains, such as Ethereum, Binance Smart Chain, or alternative platforms.The tokens have the ability to symbolize a wide range of digital or physical assets, including but not limited to digital currencies, ownership rights, access to certain services or platforms, and tangible assets like real estate or commodities.Crypto tokens serve several functions, including fundraising via Initial Coin Offerings (ICOs) or Security Token Offerings (STOs), granting entry to decentralized apps (DApps), and allowing transactions inside designated ecosystems or platforms.The valuation and functionality of tokens are contingent upon the foundational blockchain technology and the particular application for which they were designed.Cryptocurrencies refer to digital or virtual currencies that use cryptographic techniques to ensure security and function on a decentralized ledger system called blockchain.Cryptocurrencies may be classified as tokens, but they differ from conventional tokens in a significant way.Specifically, cryptocurrencies that originate from the same blockchain are mutually interchangeable, possessing fungibility [2].Here are some considerations: 1. Provenance and Authenticity: Digital Artwork: Many digital greetings, such as e-cards or digital artwork, can be created and distributed [1][2][3][4][5].

Intellectual Property Protection:
Copyright Protection: Creators of greetings can register their work on a blockchain to establish copyright and protect their intellectual property.
4. Personalization: Unique Greetings: Blockchain technology can enable the creation of unique and personalized greetings.
5. Enhanced Security: Secure Storage: Greetings and personal messages stored on the blockchain can be encrypted and highly secure.
6. Traceability: History of Greetings: Blockchain can keep a transparent and immutable history of all greetings sent and received.
Incorporating blockchain into the world of digital greetings has the potential to add new layers of value to the act of sending and receiving greetings.Whether through authenticity, personalization, security, or monetization, blockchain can enhance the overall experience of sharing greetings in the digital age [30][31][32][33][34].However, it's essential to consider the environmental impact of blockchain technology, especially in the context of energy consumption and sustainability [35].

Literature Review
There are several researches in area of Blockchain, NFT and Greeting values.This section is presenting existing researches in relevant area along with methodology, objectives and outcome of those research works. B.

Problem Statement
While using blockchain-based NFTs (Non-Fungible Tokens) for greetings offers several advantages, it also presents several challenges and issues that need to be considered.Here are some of the key issues associated with using blockchain-based NFTs for greetings: 1. Environmental Concerns: Blockchain networks, particularly Proof of Work (PoW) networks are energyintensive.
2. Scalability: Scalability issues on blockchain networks can lead to slow transaction processing times and high fees during times of network congestion.

Complexity for Users:
The use of blockchain and NFTs may be too complex for the average user.
4. Marketplace Fees: NFT marketplaces often charge fees for creating, listing, and selling NFTs.

Lack of Standardization:
The NFT space lacks standardization, which can lead to interoperability issues.

Listing of Blockchain based Greeting on
Open sea market place.

Opensea Market place
OpenSea is one of the most well-known and widely used blockchain-based marketplaces for buying, selling, and trading non-fungible tokens (NFTs).It allows users to create, browse, and interact with digital assets in various forms, including digital art, collectibles, virtual real estate, virtual goods, and more.OpenSea has gained significant popularity in the NFT space, and it's often used by artists, creators, collectors, and enthusiasts.OpenSea has played a significant role in the NFT ecosystem's growth and popularity.However, it's important to be aware of potential scams and fraud in the NFT space, as not all assets listed on the platform are genuine or of value.Users should exercise caution and do their due diligence when making NFT purchases on OpenSea or any other NFT marketplace.

Blockchain based greeting on Polygon chain at Opensea Market place
In order to resolve the issues two different market places have been considered to list digital assets that would be considered as Greeting.One of the market place is Opensea where Polygon Matic has been used as blockchain.The cost of Matic based transaction is less and creation and listing of NFT on Opensea is less expensive as compared to Etherium based contracts.9Nftmania has introduced Block chain based greetings that could be viewed by following URL: https://opensea.io/9nftmania

Young Parrot
YoungParrot is a NFT marketplace on multichain.We will allow users to create an account, create collections, start uploading NFTs and sell/buy NFTs.The users can add any NFTs to the watchlist, share any NFTs to the social network, filter NFTs based on price and other attributes, etc.

Listing of Blockchain based greeting on Core chain at YoungParrot Market place
This paper is considering two different NFT that are used for greeting

I LOVE YOU
This NFT has been introduced by METANFT.If someone wishes "I LOVE YOU" to someone, it is a special movement.This NFT is for that special movement.Make yours "I LOVE YOU" Special by gifting this NFT to your beloved.Supply of this NFT is limited to 500.

LOVE EMOJIS
Emojis are stickers used to express our different feelings and moods to our loved ones through social networks, use these love emojis to show your affection to your loved ones, your friends and especially to your loves, don't forget: "To those who know how to love well, nothing is impossible.

Result and Discussion
There is survey of some questions related to factors and nfts.After surveyed of these outcomes, there are 26.9%voted for cost, 15.4% for total supply, use case contains 26.9% and popularity contains 30.8% that is most selected.Thus, In order to consider the popularity survey has been conducted in order to know which NFT out of Thank you, Good morning, I love you, Love Emogis.

Which NFT do you like most for greeting?
After survey it has been observed that 579 people have voted and highest voting is made for Thank you and Love Emogis.

Conclusion
After conducting research, it is concluded that popularity is the major factor behind making greeting valuable.Moreover it is observe that Love Emogie have limited supply.There are just 43 Love emogie that's why the demand of NFT got increased due to scarcity.However it is also observed that price and use case also make significant impact.

Future scope
The future of investigating the role of blockchain in enhancing greetings is not limited to mere greetings cards; it extends to personalized content and services across various industries, including e-commerce, social media, and marketing.It can revolutionize how brands engage with customers and how individuals share their sentiments.However, as with any emerging technology, there are challenges to overcome.These include scalability issues, regulatory considerations, and addressing the digital divide to ensure that the benefits of blockchain-enhanced greetings are accessible to a wide range of users.

Fig 2 .
Fig 2. Open Sea Market place Best Wishes collection is considering 200K digital assets that are listed on opensea market place.

Fig 3 .
Fig 3. Best Wishes NFT collectionThere are 2 Greetings available on Best wishes that are "Thank you" and "Good morning"

Fig 4 .
Fig 4. Greetings listed on Opensea Thank you: This NFT make person's Thanks valuable by transferring this NFT.If someone want to say thanks to someone then he need to transfer this Valuable NFT.In this way such Blockchain based smart contracts are making Thank you valuable.

Fig 8 .
Fig 8.I LOVE YOU

Fig 9 .
Fig 9. Love emojis Which factor is highly influencing the demand of blockchain based NFT used for greeting?To understand the factors that highly influence the demand for blockchain-based NFTs (Non-Fungible Tokens) used for greetings, you can create a survey that covers various aspects of this emerging trend.Research has been conducted to better understand the factors that drive the demand for blockchain-based NFTs in the context of greetings.Factors are cost, total supply, use case, popularity of NFTs.Survey of 715 people has been made on twitter.There are outcomes after survey is shown in following figure.

Fig 11 .
Fig 11.Voting for Favorite NFT [16]edi et al. (2023)ewed the healthcare experiences powered by explainable AI and blockchain to protect sensitive patient information[12].L.Bojic et al. (2022)examined the metaverse from the vantage point of authority and dependency[13].E. A. Firmansyah et al. (2023) researched the business metaverse[14].E.Elem et al. (2023)introduced the ELEM and the metaverse framework for online education[15].Y.K.Dwivedi et al. (2023)reviewed the future holds for consumer research and practice in the metaverse of business[16].